Kelly Accounting Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC231332 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Kelly Accounting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D J Kelly

SECRETARY:

Mrs S Kelly BAcc (Hons) CA

REGISTERED OFFICE:

42 Comrie Street

Crieff

Perthshire

PH7 4AX

REGISTERED NUMBER:

SC231332 (Scotland)

ACCOUNTANTS:

Kelly Accounting Limited

Chartered Accountants

42 Comrie Street

Crieff

Perthshire

PH7 4AX

FIXED ASSETS

Tangible assets

2

71,647

55,295

CURRENT ASSETS

Debtors

44,219

44,713

Cash at bank and in hand

12,767

17,902

56,986

62,615

CREDITORS

Amounts falling due within one year

79,083

53,830

NET CURRENT (LIABILITIES)/ASSETS

(22,097

)

8,785

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,550

64,080

PROVISIONS FOR LIABILITIES

4,130

-

NET ASSETS

45,420

64,080

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

45,320

63,980

SHAREHOLDERS' FUNDS

45,420

64,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 January 2017 and were signed by:

D J Kelly - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, together with

uninvoiced amounts where the company has obtained the right to consideration through its

performance.

Uninvoiced amounts are included on the balance sheet as amounts recoverable on contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company contributes, on behalf of its employees, to individual personal pension plans. The

contributions made by the company are recognised as an expense in the profit and loss account when

they are paid.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

62,346

Additions

22,232

Disposals

(500

)

At 30 April 2016

84,078

DEPRECIATION

At 1 May 2015

7,051

Charge for year

5,474

Eliminated on disposal

(94

)

At 30 April 2016

12,431

NET BOOK VALUE

At 30 April 2016

71,647

At 30 April 2015

55,295

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

1

100